Market On A Small Retreat, Binance Coin Takes Center Stage After Ethereum And EOS Pump

Market On A Small Retreat, Binance Coin Takes Center Stage After Ethereum And EOS Pump

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The crypto markets have started to correct during the Asian trading session after 2 days of pump. This is an expected drop as traders cash out their gains. The crypto board is mixed although the drops have been minimal for most assets so far.

The market capitalization has dropped back a little at $134.2 Billion during the past hours but is still higher than yesterday’s $132 Billion. The volume has shrunk to $29.8 Billion from yesterday’s $35 Billion, while the BTC dominance is sliding up at 51.9%.

The Bitcoin price is still trying to capture the $4k level as it slides back and forth. At the time of this writing, it is exchanging hands at $3966 with a minimal gain of 0.91%. This might mean that the bulls are not yet ready to take the price over the threshold and may hit a snag in the near future.

Ethereum, which has been one of the darling coins in the recent bull run, has lost -1.52% on the day but remains strong at $145.50. It has touched $151 during its peak. Its volume has also slid back down to $4.5 Billion. People are eagerly waiting for the Constantinople update and it might have unforeseen effects on the asset which makes traders apprehensive.

On the Top 10, Binance Coin caught up with the bull run and is now the star of the show. BNB has gained 14.67% on the day, bringing its price to $11.09. Supporters are pumped up with the upcoming DEX launch and a scheduled ICO on Binance Launchpad. EOS is still bringing in gains at 4.01%, and Stellar is back on the 8th place on market cap list with a 3.45% gain on the day. XRP, Bitcoin Cash, and Tron are all stepping back at -2% loss. The rest at 0-2% win/loss.

The Top 25 are showing more losses with Bitcoin SV, Ethereum Classic, and VeChain leading the drops at 2+% losses. Only Maker is defying the correction with 8.76% gain on the day.

Down the Top 100, Storj has entered the Top 100 and made a 16.73% gain on the day. The rest of the list is mostly red and there are no other big pumps today. Outside the double-digit list, Theta and Komodo are making decent gains at 6-7%.